Refundable Deposit 4: What are the terms, what becomes the non-refundable amount



The platform for the 4th cycle of the financial scheme will remain open until November 30, where, according to the Ministry of Finance, more favorable conditions are provided for the beneficiaries and the amount of aid, 50% of which is non-refundable. All sole proprietorships are now eligible to participate, regardless of whether they employ employees or have a cash register (including freelancers and scientists), provided they show a 20% reduction in turnover in the reference months (September-October) and have a minimum turnover of 300 Especially companies whose activity has been suspended by state order or are based in areas affected by the Mediterranean cyclone “Janos”, are entitled to participate in the Refundable Deposit 4 regardless of the drop in turnover, provided they have a minimum reference turnover of 300 euros. that half of the aid amount is non-refundable, provided the company maintains the same level of employment until 31 March 2021. For the remaining 50% of the aid, an interest-free grace period is granted for the period up to 31 December 2021, in which the beneficiary company is not obliged to return any portion of c after the expiration of the grace period, the amount due is repaid in forty equal interest-bearing monthly installments. More specifically: Eligibility to participate In addition to the companies that had the opportunity to join the previous three rounds of the Refundable Advance, the following 4th All sole proprietorships are now eligible to participate, regardless of whether they employ employees or have a cash register (including freelancers and scientists), provided they show a 20% reduction in turnover in the reference months (September-October) and have a minimum turnover of 300 Especially companies whose activity has been suspended by state order or are based in areas affected by the Mediterranean cyclone “Janos”, are entitled to participate in the Refundable Deposit 4 regardless of the drop in turnover, if they have a minimum reference turnover of 300 euros. , now, the right to participate and the new companies that have positive revenues for the first time since February 2020, based on the July-August turnover for the bibliographic and the third quarter for the haplographic. Amount of aid The companies whose activity has been suspended by state order will receive: (a sole proprietorships without employees and without cash register, fixed amount of EUR 2,000, regardless of mathematical formula; (b) for other undertakings the mathematical formula applies, with a minimum of EUR 2,000. In addition, for companies whose activity has been suspended by state order, the threshold applies in proportion to the number of employees (2,000 euros without employees, 4,000 euros to 5 employees, 8,000 euros to 20 employees, 15,000 euros to 50 employees and 30,000 euros more than 50 employees) .The companies whose activity has not been suspended by state order will receive: (a) sole proprietorships without employees and without cash register a fixed amount of 1,000 euros, regardless of the mathematical formula, (b) for the other enterprises the mathematical Half (50%) of the aid amount is non-refundable, provided the company maintains the same level of employment until 31 March 2021. As for the remaining 50% of the aid, for the An interest-free grace period is granted until 31 December 2021, during which the beneficiary undertaking is not required to repay any portion of the capital after the expiration of the grace period, the amount due is repaid in forty (40) equal interest-bearing monthly installments. Application procedure “MyBusinessSupport” (https://www.aade.gr/mybusinesssupport) the data of the VAT turnover, for companies subject to VAT, or the gross income, for companies not subject to VAT, of the previous months. For this purpose, companies are invited to submit the relevant information immediately. Then, within the next few days, the application platform for the granting of the Refundable Advance 4 will be opened, where the amount of aid to which the company is entitled will be presented directly, provided meets the eligibility criteria. It should be noted that the expression of interest form that should have been submitted at an earlier stage has been abolished, as was the case in the previous three rounds of the Refundable Advance. The application platform will remain open until November 30, 2020. be the first to know all the news See all the latest news from Greece and the world, at



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